There is a problem however. One of them appears to be “lying.” There is no way that both of these can be starting a new bull market.
Is The 50-year Gold Stocks Bear Market Ending ?
Once interest rates had bottomed, there were always going be extremely favourable conditions for a gold bull market
I have shown how we could be close to major financial/monetary crisis. The following chart that shows the ratio of gold to the monetary base was used:
Gold is moving closer to confirming a multi-year bull market per my long-term comparison. A decisive mover higher than the $1375 area would be confirmation of the bull.
we could be close to major financial crisis with the monetary system at the center
A key difference between silver and gold prices is the fact that silver already bottomed in 1993, whereas gold bottomed only in 1999.